January 21 News, as the cryptocurrency market overall weakens in early 2026, Pi Network’s price faced significant pressure in January. Unlike emotional panic selling, Pi Coin’s decline is more driven by structural supply expansion, making it more vulnerable amid Bitcoin and mainstream altcoin corrections. The market remains highly cautious about Pi Network’s short-term trend.
The biggest variable currently comes from the token unlocking pace. Data shows that over 4.6 million PI enter circulation daily, continuously weakening scarcity. By the end of January, approximately 55.8 million PI will be released as scheduled. This mechanical supply growth keeps potential buyers on the sidelines; even short-term rebounds are unlikely to generate effective support. Although Pi Network has recently upgraded its application and payment functions, the increased practicality has not yet translated into immediate demand absorption for the token.
On-chain and platform-side supply structures also suppress the price. About 419 million PI are still in a state that can be freely released into the market at any time, meaning that once a rebound occurs, selling pressure could be quickly released, limiting Pi Coin’s upside potential. This high liquidity supply combined with ongoing unlocking creates a compounded effect, keeping Pi Network’s price in a “seller-dominated” pattern for the long term.
From a technical perspective, Pi Network has broken below the previous key support level of $0.20, which has now turned into a new resistance zone. The current price briefly stabilizes around $0.18, but buy orders are more defensive than proactive, preventing a sustained rebound. Trend indicators are also bearish, with selling momentum clearly exceeding buying strength, indicating that the bears still control the pace.
If this structural pressure continues, Pi Coin’s price may seek new support around $0.15. Only when the unlocking speed slows down, circulating supply significantly decreases, and on-chain demand can genuinely absorb the new tokens, will Pi Network’s price have the chance to rebuild a more solid bottom. Until then, January’s market performance resembles a severe stress test on Pi Network’s long-term value.
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